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How the Economy Downturn could Affect the Housing Market show art How the Economy Downturn could Affect the Housing Market

The Hop

The HOP (Home Ownership Podcast) Episode 112, Hosted by Village Properties Realtor, .   In this episode, David reports on the latest interest rates and sales stats before discussing how an economy downturn could affect the housing market.  While large investors could actually benefit from an economy downturn with lower housing prices (especially if they're cash buyers),  it won't be beneficial for others.  For instance, those who bought their homes when interest rates were at their lowest, are unlikely to want to sell their homes as they'll get less for their money...

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Low Supply as Interest Rates Rise show art Low Supply as Interest Rates Rise

The Hop

The HOP (Home Ownership Podcast) Episode 111: Hosted by David Charles Allen of Village Properties. As so often happens this time of the year, Santa Barbara has had a heat wave and one day last week it even made it up to the triple digits!! This has caused the ocean water to warm up and there’s been a bit of a south swell--as Santa Barbaran's enjoy swimming in the ocean. Interest rates last week rose to 5% for jumbo loans and 5.75% for 30-year conforming loans. Last week, there were 24 new listings, 12 price changes, 31 closings, 18 pending, 12 expired listings and 4 coming soon. With the...

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The Pros & Cons of Pocket Listings show art The Pros & Cons of Pocket Listings

The Hop

The HOP (Home Ownership Podcast) Episode 110: The weather in Santa Barbara heats up while interest rates remain the same with 30 - year jumbo loans at 4.75% and 30 - year conforming at 5.375%. There were 33 new listings and 41 properties that closed, so there was no buildup of supply. David discusses the pros and cons of pocket listings and explains the upside and downside of pocket listings.  

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The HOP (Home Ownership Podcast) Episode 109 show art The HOP (Home Ownership Podcast) Episode 109

The Hop

The HOP (Home Ownership Podcast) Episode 109:  Hosted by Village Properties Realtor,   David reviews the interest rates and Santa Barbara sales stats.  Interest rates didn't change too much this week; 30 - year jumbo loans are at 4.75% and 30 - year conforming loans are at 5.375%.  David discusses the trend of large hedge funds to purchase large developments of single-family homes and turn them into rental properties. He points out that this could potentially manipulate the market and promised to keep listeners posted.  In Santa Barbara last week there were 38 new...

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Seller's Hesitancy Leads to Low Inventory show art Seller's Hesitancy Leads to Low Inventory

The Hop

The HOP (Home Ownership Podcast) Episode 108: Hosted by Village Properties Realtor, . Sellers in Santa Barbara don't seem very motivated to sell right now. Last week, thee were only 25 new listings and 17 price drops. Because interest rates are up, someone who sells their home may have a hard time finding a replacement home that is as nice as the one they had, without paying more each month. For more information about the real estate market in Santa Barbara, email [email protected] or call 805-617-9311.

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Interest Rates Stay Steady and Pending Sales Rise show art Interest Rates Stay Steady and Pending Sales Rise

The Hop

The HOP (Home Ownership Podcast) Episode 107, Hosted by David Charles Allen, Village Properties Realtor. Last week interest rates remained the same at 4.375% for 30 - year jumbo loans and 4.875% for 30 - year conforming loans. Regarding the sales stats, there were 30 new listings, 15 price changes, 21 closed, 41 pending, 4 expired, and 4 coming soon. David feels that the fact that interest rates remained the same, contribued to the number of pending sales. David and his co-host Patti, had a discussion about the advantages and disadvantages of house hacking before discussing their fur babies....

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Considerations when Purchasing Investment Rental Properties show art Considerations when Purchasing Investment Rental Properties

The Hop

he HOP (Home Ownership Podcast) Episode 106: Hosted by Village Properties Realtor, David Charles Allen. In this episode, David reviews the interest rates and sales stats before discussing things to consider when purchasing investment properties as rental income. Interest rates were down a bit with jumbo 30-year loans at 4.375% and conforming 30-year loans at 4.875%. Regarding the sales stats, the new listings were at 60, which is higher than they've been in a long time and price drops were at 26, which is also higher than they've been in recent months. To reach David, email him @...

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The Market is Becoming More Balanced show art The Market is Becoming More Balanced

The Hop

The HOP (Home Ownership Podcast) Episode 105: For the last couple of years, it has definitely been a Sellers Market but Village Properties Realtor and host of the HOP (, feels that the market is becoming a little more balanced. Houses are sitting on the market a little longer and there are more price drops. Interest rates continue to fluctuate. Currently, 30 year fixed jumbo loans are down to 4.375% and 30 year fixed conforming loans are at 5%. While historically this is still a lot rate, new buyers have to get over the mental hurdle of missing out by not taking action when rates were lower....

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Interest Rates Up & Down on a Weekly Basis show art Interest Rates Up & Down on a Weekly Basis

The Hop

The HOP (Home Ownership Podcast) Episode 104: It was a beautiful week in Santa Barbara with temperature in the 70's. Surfers may be in for a treat as a South Swell may be coming. Interest rates have been up and down. Currently 30-year jumbo loans are at 4.625% and 30-year conforming loans are at 5.5%. Last week there were 47 new listings, 14 price changes, 26 pending sales, 3 expired listings, 25 that closed and 6 coming soon. The supply is slowly building but homes are taking longer to sell. To contact the host, Village Properties Realtor , email [email protected] or call...

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Interest Rates Take a Dip show art Interest Rates Take a Dip

The Hop

The HOP (Home Ownership Podcast) Episode 103:  Village Properties Realtor and host of the HOP, , gives the latest Santa Barbara Real Estate Stats.  Last week. there were 40 new listings, 12 price changes, 36 coming soon, 24 pending and 10 expired listings.  Surprisingly, interest rates dropped from almost 6 per percent to below 5 percent. Interest rates on thirty-year fixed loans dropped down to 4.875% and thirty-year jumbo loans dropped to 4.5 percent.  Houses are not selling quite as quickly as they were a couple of months ago due to a number of factors which David...

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More Episodes

The HOP (Home Ownership Podcast) Episode 94: Village Properties Realtor, David Charles Allen, advises buyers to be prepared before they start shopping for their next home. Santa Barbara continues to have a low supply of inventory and a big demand. If you need a loan, it can be tough to compete. Sellers often prefer a cash offer becaus it can close quickly without contingencies. However, if you need a loan, all is not lost. The first step is to go to a lender you trust. Also, there are lenders that can help you to put together an offer that is essentially the same as a cash offer--especially if you already own a home. Patti and David end the show with a discussion about their beloved fur-babies. If you'd like to talk to David in person, call 805-617-9311 or email him at [email protected]